CIRCULAR LETTER NO. 27/51/2014/7 18th February, 2014
To All Office Bearers / State Federations /
All India Bankwise Organisations:
Fixation of Ex-Servicemen Re-Employed in Public Sector Banks
the recent months there have been number of queries regarding the fixation of
Pay for Ex-servicemen re-employed in our Banks.
Earlier, we had taken up the matter with the Government and
consequently, the Grade Pay which was being ignored was clarified to be
included while fixation of pay is done.
However, there have been other issues like Military Service Pay, etc.
and hence once we had taken up the matter with the IBA and Government. Recently, the IBA has given its detailed
guidelines in consultation with the Government.
We furnish herein the IBA?s Circular in this regard along with their
Guidelines and Government?s clarification.
Units are requested to take note of the same for guidance.